OSI Systems (NASDAQ:OSIS) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

OSI Systems (NASDAQ:OSIS) had its price target raised by Wells Fargo & Company from $170.00 to $172.00 in a research note published on Tuesday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the technology company’s stock.

Several other equities analysts have also issued reports on OSIS. Roth Mkm lifted their price target on shares of OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Bank of America initiated coverage on OSI Systems in a research note on Monday, September 30th. They set a “buy” rating and a $175.00 target price on the stock. Finally, B. Riley increased their price target on OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $173.00.

OSI Systems Stock Down 0.0 %

Shares of NASDAQ OSIS opened at $132.16 on Tuesday. OSI Systems has a 12-month low of $104.51 and a 12-month high of $158.69. The stock’s fifty day simple moving average is $143.79 and its two-hundred day simple moving average is $141.24. The stock has a market capitalization of $2.21 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 1.26 and a beta of 1.08. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.19. The company had revenue of $344.01 million for the quarter, compared to the consensus estimate of $318.66 million. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The firm’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 earnings per share. As a group, analysts expect that OSI Systems will post 9.12 EPS for the current fiscal year.

Insider Activity at OSI Systems

In other OSI Systems news, insider Paul Keith Morben sold 1,107 shares of OSI Systems stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $145.04, for a total transaction of $160,559.28. Following the completion of the sale, the insider now owns 10,077 shares of the company’s stock, valued at approximately $1,461,568.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Paul Keith Morben sold 1,107 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $145.04, for a total value of $160,559.28. Following the transaction, the insider now owns 10,077 shares in the company, valued at approximately $1,461,568.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the transaction, the chief executive officer now directly owns 459,033 shares of the company’s stock, valued at $66,523,062.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,107 shares of company stock valued at $3,474,189 in the last ninety days. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On OSI Systems

Several hedge funds have recently added to or reduced their stakes in OSIS. Quest Partners LLC acquired a new position in shares of OSI Systems in the 2nd quarter valued at about $40,000. Cape Investment Advisory Inc. acquired a new position in OSI Systems in the first quarter valued at approximately $63,000. Covestor Ltd boosted its position in OSI Systems by 48,000.0% in the 1st quarter. Covestor Ltd now owns 481 shares of the technology company’s stock worth $69,000 after purchasing an additional 480 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of OSI Systems during the 2nd quarter worth approximately $82,000. Finally, International Assets Investment Management LLC lifted its stake in shares of OSI Systems by 15,075.0% in the 3rd quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock valued at $92,000 after purchasing an additional 603 shares during the period. 89.21% of the stock is owned by hedge funds and other institutional investors.

About OSI Systems

OSI Systems, Inc designs and manufactures electronic systems and components. It operates in three segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation monitoring, explosive and narcotics trace detection systems, and optical inspection systems under the Rapiscan name.